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were on their heels, they were facing after with compromised proposal. deep in the obama boehner negotiations, they were talking about a proposal with 800 billion in revenue that would come through a somewhat tax reformed process. right now we're seeing the exact opposite. president obama is sticking firm with what he offered in his budget release, or at least in his opening bid and boehner is kind of chasing over obama with more or less compromised proposals saying, why won't you work with me, give more, sacrifice more? look, we're early here and most of the people i talk with in washington are saying we're not going to get deep into this until mid-december at least. if we do a process of kind of incrementally coming from in between the two proposals, you could very easily imagine between obama and boehner on tacks is $1.2 trillion. that's where they end up on mandatory spending, 750. that wouldn't be a shocker either. boehner's opening bid here is not the bid of the side in the stronger position. it's a side desperately trying to get the press to compromise. >> now, michelle wh
obama. john boehner is acting as if we never had an election in the first place and the election doesn't mean anything. is the senator has passed a tax break and john boehner is saying no, we will let 98% of americans pay $2,000 more in taxes. we will give a tax increase. we will raise taxes on 98% of americans unless you give us another tax break for our buddies and millionaires and billionaires, the top 2% in the country. you can't blame even mitch mcconnell any more. it's john boehner who is standing in the way. he did so again the republicans give this babble. the president says what's your plan? what do you want to cut? close loopholes. what loopholes? they won't say. to them, nothing. a detailed plan versus nothing. you've got a existed in in president obama versus a lose her in john boehner. and here is boehner again yesterday, on fox news sunday saying, when he looked at the president's proposal, oh my god. >> i was flabbergasted. >> flabbergasted. >> he can't be serious. i just have never seen anything like it. we've got seven weeks
to avoid the so-called fiscal cliff. president obama and house speaker john boehner spoke by phone for the first time in days. no details on that conversation. the two sides are at a state mail over raising attacks on incomes over $250,000. an international news alert. there are fears that the syrian government is getting ready to drop a nerve gas on his own people. the gas is being mixed in bombs for potential use. as ainsley earhart reports, the united states is promising consequences for the gas is excused against the syrian people. >> reporter: it appears there has been an alarming escalation in the syrian civil war, the country's government preparing nerve gas bombs and awaiting the orders from president assad to use them. u.s. officials relying on surveillance said there was no evidence that this had begun. >> we have sent an up mistakeable message that this would cross a red line and those responsible would be held to account. >> reporter: a senior u.s. official telling fox the gas bombs must be used within 60 days in order to be viable inform deployed. the gas could till th
in turmoil and second recession coming. number two, john boehner, the speaker is claiming he's met obama's demand for higher taxes for the rich. that's good. he agreed in principle the rich must pay more. number three, there's talk for the republican leaders that they could vote to continue the tax cuts for the 98% now and therefore avoid the fiscal cliff and put off for now the top 2%. and the question then, let the debt ceiling not take effect. a tax cut delayed i argue is a tax cut avoided. joining me with the republican defense highly tauted fan of the eagles, ed rendell and alex wagner of msnbc's "now." governor, i want you to read what's going on here. first speaker boehner defended the gop's tax proposal saying it does take a bite out of the rich but president obama held firm to tax rate hike on the wealthiest. let's listen to the back and forth. >> revenues we're putting on the table are going to come from, guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more of their money to the federal government without raising tax rates,
done in 2011. if you remember, math by details in the sitdown between boehner and obama last year. boehner's office wouldn't write the number 800 billion in its initial offer to the white house because they didn't want other house republicans to see that. the fact that that figure is on the table and boehner is taking to the air waives to say, you know who's going to get soaked here? the rich. is a shocking reversal of where the republican party was i agree ago. >> look at this. these are some smart conservatives. byron york in "the weekly standard," and john padora, bill kristol are all saying the republicans have to do something. they're playing a losing hand. fedoris writes, every way you look at it, the gop is trapped. republican politicians will cave and give the president most of what he wants. the only real question is, when? the answer is, probably at the worst possible time when they've done even more damage to the party's brand. governor, if you were a republican today, would you sitting down say, you know we have to eat this, deal with this top 2%, we can't be seen as h
level. but, ultimately, this is going to require an agreement between president obama, speaker boehner, senator mcconnell, senator harry reid and leader pelosi and in some sense it is going to be the two main players are president obama and speaker boehner. my concern has been this looks like campaign time and the election wasn't over and we didn't have the prospect of going over the fiscal cliff. today the house republicans in a big development put out a plan and i am sure it is not on its face acceptable to the president and the democrats here but interestingly it has the same total number of savings and tax revenues as the president does over 10 years, $2.2 trillion. that is a lot more spending and entitlement reform in the president plan -- republican land and the democratic plan but now they can fill things in and the president has to be at the table to close the deal. he has the mandate to do it. >>neil: part of the mandate means both sides should give a little. obviously the republican plan has a debt commission feel to it but beside that i am wondering if it and tough and i kno
show" from new york. president obama has john boehner boxed in and is done playing games. now it's getting good. this is "the ed show." let's get to work. >> let's allow higher rates to go up for the top 2%. that includes all of you. >> the president holds the line on taxes and draws the line on the debt ceiling. >> i will not play that game. >> tonight, democratic whip steny hoyer gives me the latest fiscal cliff developments and the democratic line on medicare. tom perriello from the center of american progress action fund on how democrats can deal with republicans who can't deal with reality. rubio and ryan reload with a new message for the middle class. >> both parties tend to divide americans into our voters and their voters. >> but there is no escaping their own policies. >> we're going to a majority of takers versus makers in america. >> dnc chair debbie wasserman schultz responds tonight. plus, senator barbara boxer on her new plan for national polling place standards. and a new poll shows half of all republicans think the defunct group a.c.o.r.n. stole the election from
story, the fiscal cliff debate. and fox 5 learned that president obama and john boehner spoke on the issue today, but the results have not been made public. the white house is asking federal agencies to plan for $100 billion in spending cuts and that is what happened if not resolved. administration believes the deal will be done. john boehner made an offer earlier this week putting $800 billion on new revenue on the table. he got hit hard by the administration and members of his own party. >> we have to cut spending and, i believe, it's super flowous. >> and that is a law, higher rates to go up for the 2072%, including all of you. yes. >> reporter: president obama was speaking to business leaders when he made the comment. he insists he will veto any bill not including tax increases on wealthier americans. >>> the defense department started planning for the roughly $500 billion in personnel cuts. the pin is not talking to the defense contractors of public plans. >>> the council made it clear that it's not following the mayor's lead on several issues. it was evident last night d
. in today's first look: the president obama / congressman boehner bounce: after struggling through the first half of the session, the dow made a triple-digit turnaround, going from red to green on upbeat budget comments from washington. gold took a hit, while oil slipped a bit. regulators are pushing off the final draft of the volcker rule into next year. the rule limits the ability of banks to trade stocks, options, commodities, and more. aaa predicts gas prices for the year 2012 will be the most expensive ever. the national average is $3.63 per gallon, topping $3.51 in 2011. the current price is $3.41, down a penny in the past week. mark sebastian of option pit mentoring and consulting joins us now to talk cliffs and bluffs. good morning to you. > > good morning. > still no chance we are going off that cliff according to traders? > > i guess not. it is interesting what will happen when politicians are short on detail, long on optimism. we could really get a nice rally. we took a nice technical bounce off the 200-day moving average around 1385. i don't think we see any real resi
president obama and john boehner both talking fiscal cliff. are they talking to each other? is anyone in washington talking to each other? our panel is here to talk about that next. >> one of our favorite videos of the year. back of the police car. he's back. you have to see what he has done now. stay tuned. ♪ ♪ those little things still get you. for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for ily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term in
with the president, to get serious about solving this problem. >> but president obama says john boehner's presence is not the solution, it's the problem. >> the holdup right now is that speaker boehner took a position, you think the day after the campaign, that said, we're willing to bring in revenue, but we're not willing to increase rates. and i've just explained to you why we don't think that works. >> senate majority leader harry reid has also called republicans out for sabotaging the democratic process. now, putting this all into context, he tweeted out today, harry reid did, "i share the frustration of americans lamenting the lack of progress in negotiations to avoid a massive tax increase on middle class families. but for insight into why negotiations have been tough, consider the failure of the disabilities treaty at the hands of the tea party. those are the same republicans with whom democrats are supposed to find agreement to protect middle class families from a january 1st tax increase?" who could say it better? democrats are not being unreasonable here whatsoever. they are the party of
the last time, going out to the public more, but in the end, it's going to be obama and boehner, after we get done with the staff and the surrogates like tim geithner. gerri: a lot call obama moves more campaigning. one of the questions that's not answered, andbowles brought it up today. he says democrats he to move on entitlements. should entitlements be a part of the conversation? >> oh, i think they absolutely have to be a part of the conversation. you know, if you look at what's happenedo spending over the last five or six years, and we know what's going to happen over the next 20-30 years, it's going to go up including federal spending as a share of gdp because of the relentless demographics. this is all about health care spending, not just entitlements, but the biggest share of the budget which is all of those programs starting with medicare and medicaid. you can't geout of it without dealing with those, a and bowles is absolutely right. gerri: long way to go. thanks for coming on. appreciate your time. >> sure. thank you. gerri: as a reminder, the revenue from the bush tax cuts wou
been growing after president obama and representative boehner made remarks wednesday that a deal could be worked out. now speaker boehner insists there are still many roadblocks in the way. last night, boehner offered no details but rejected the democrats' $4-trillion plan presented by treasury secretary timothy geithner. investors have a more optimistic view on the global economy. a new survey by bloomberg shows 2/3 of investors surveyed described the worldwide economy has either stable or improving. overall, they considered the global economy to be in the best shape in 18 months. when asked which countries will offer the best investing opportunities for next year, the u.s. ranked number 1 for the 8th quarter in a row. china came in second, and europe was considered the worst for returns. for those holding out hope for a second life for twinkies, ho- hos and ding-dongs, there's encouraging news. hostess says it is in talks with more than 100 interested buyers. at the same time, hostess is seeking approval in banruptcy court to pay its top executives $1.8 billion in bonuses to retain t
that the staffs of president obama and house speaker boehner resumed discussions as the two principles remain far from face-to-face negotiation apparently. fox news chief white house correspondent ed henry has the latest. >> pulling on the heart strings like he's on the campaign trail, president obama visited a middle class family in virginia. >> a couple thousands dollars means a couple months rent for this family. >> again, trying to frame the battle over the miscall cliff as being all about taxes with no mention of spending cuts. >> i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%, but e remain optimistic we can get something done that are good for families like this one, and that's good for the american economy. >> republicans believe the reason the president is going light on spending cuts while demanding the budget deal include another increase in the nation's debt ceiling is clear. >> this is not about getting a handle on deficits or debt for him. it's about spending even more than he has. >> white house aids reject the republican
afternoon. chris matthews and "hardball" is next. >>> obama to boehner, get serious. let's play "hardball." ♪ >>> good evening. i'm chris matthews in washington. let me start tonight with this. the republicans have their plan and it's great news for the rich. speaker john boehner just put it out. those at the top, the 2%, are safe. your bush tack cuts are going keep on giving. one problem, mr. boehner, you lost. that was injure position before the election, and you lost. mitt romney campaigned on keeping the tax cuts for the wealthy, and he lost. and he promised to do what john bain ser doing right now, and he lost. how about some respect for the electorate? how about seeing what the 2012 presidential debate was about? obama championed tax fairness and won. republicans championed protecting that 2%, ignoring the 47% he talked about, and they lost. today boehner said he's willing to raise revenues by the same amount he agreed to back in august of 2011, the last time they had this fight. again, he's willing to act like the election never happened. no wonder. again, he lost. joining me is
do you think? >> yes. you know, john boehner has president obama's phone number and he has used it and the president has answered the call unlike the night when president obama called john boehner on election day and john boehner didn't answer his call. i think that you have to have both parties willing to engage with each other and talk to each other. looking back at the 1980s, for example, when ronald reagan was president and tip o'neill was speaker of the house, they didn't agree but they sit down and talk and negotiate and compromise and today's republican party so hijacked by the right wing they're incapable of agreement. >> let's put aside the right wing here. we know that speaker boehner purged some of those seen as not being team players within his own party and we'll discuss the fact he's taken a hit for that. beyond the right wing or whatever you have numbers. you have exit polling. you have pew research poll that shows where the american people stand. if all of the people are there to represent us, meaning the people who are watching right now and the panel included h
, how are traders down here investing -- reacting to mr. obama and mr. boehner? >> it depends on what the headlines are. so the president said the clear majority voted for a balanced approach. but there's a lot of debate about what that means. representative boehner i thought was much more into fighting words over there. listen to what he said. increasing the tax rates is the wrong approach to take. he said there was a stalemate in the talks with the white house. look at the dow industrials. we did move down around 25, 30 points as his comments came out. he said we're almost nowhere in the talks. sitting right near the lows for the day. if you look at the overall sectors that are moving today, pretty much balanced on either side. pretty much even on the balance-decline line. worries about higher taxes on dividend paying stocks seem to be -- >> lows for the day but not violent downstrokes here. >> i think the problem is we'll have trouble moving into positive territory at the close. a lot of concerns about headline risks over the weekend. we could be down 10, 15 on the s&p monday morni
deadly gas. how that changes president obama's stance on a possible intervention. john boehner offered up his own plan to avoid the fiscal cliff today. does it add up? and the u.s. ambassador to the united nations comes under fire again. this time, it's over ra wwanda. let's go "outfront." evening, welcome, everybody. i'm soledad o'brien. breaking news. president obama puts the syrian president bashar al assad on notice. the president is reacting to new notice that the regime is mixing with chemicals to make deadly gas. and today, i want to make it absolutely clear to assad and those under his command, the world is watching. the use of chemical weapons is an would be totally unacceptable. and if you make the tragic mistake of using these weapons, there will be consequences and you will be held accountable. >> assad is on the edge of president obama's so-called red line against syria. the president said the summer that syria's use or movement of chemical weapons could mean u.s. intervention, so "outfront" tonight, barbara starr. how exactly clear is the evidence in fact they are now moving
? even though president obama and john boehner chatted on the phone, there's still no deal. republicans are not amused. >> incredibly, many top democrats, including the president, seem perfectly happy. perfectly happy to go off the cliff. that's why the president has been more interested in campaign rallies than actually negotiating a deal. >> many americans don't have much hope the two side also come up with a deal. they've moved on already to plan b. the retired teacher in utah has put off plans to get a new car. brian chandler, data manager in atlanta is delaying buying a house, despite needing space for his second child due any day now. several families told us they're shrinking the gift pile beneath the christmas tree this year. how about you? are you prepared if the nation goes off the fiscal cliff? facebook.com/carolcnn. facebook.com/carolc facebook.com/carolcnn. your responses later this hour. >>> what's it like living high above the earth? how do you celebrate the holidays? i'll ask astronaut kevin ford. he will join me, live, from the international space station. ♪ [ male an
what president obama had asked for and agreed to with speaker boehner back in 2011. now president obama is saying he want mrs. revenue. he wants $1.6 trillion. but that's big progress and you don't have to raise the top rate to get there. >> stephen: okay, what happens next? do we go over the cliff? does this happen before the cliff or after the cliff? or do we make the deal as we're plunging towards the red sox. >> if we go over the cliff then suddenly grover norquist's pledge becomes inoperative. >> oh! so he's powerless. it's like someone guessed his name and sent him back to the forest. (laughter) well, please come back when we find out what happens. >> absolutely. >> stephen: thank you so much. reihan salam, "the grand new party." we'll be rig (cheers and applause) >> stephen: welcome back, everybody! my guest tonight is a legendary singer/song writer who has composed over 3,000 songs. i'll ask her if one of them was "gangnam style." (laughter) please welcome dolly parton! (cheers and applause) what a pleasure, thank you so much for coming on. >> okay! >> stephen: what an honor to
, they used to throw everybody out of the room, and get it done. what worries me about the boehner/obama relationship, it seems like it's almost nonexistent. they can't even shake hands at a party, for goodness sake. >> and in many ways, i blame the republicans for not coming up with a real deal, not recognizing what the voters did. at the same time, i think obama has been very, very poor at applying the personal charm and chemistry that the president can. dragging people off to camp david. and we don't know whether or not that would work. but he hasn't tried it. and when a government budget is at stake -- >> larry, they did feel offended by president obama's last offer. they felt it was so outrageous. >> it was outrageous. it was double what they saw last year. it had spending increases, rather than spending cuts. and it wanted to have congress lose its role, in term terms of increasing the debt ceiling. none of that's probably going to happen. and i think to nick's point, it's a good point. if you go back and look. i worked for reagan years ago. reagan and tip o'neill would sit and wor
with the fiscal cliff. this deal will only get done by president obama and john boehner making a deal. they came close in the summer of 2011. the parties are so polarized and partisans polarized this is a problem. >> i keep saying we need a presidential historian or hostage negotiator. somebody could say we've been at stalemates before, gotten over it, shut down the government in '96. tip o'neill and ronald reagan managed to solve problems and get along. listen to what john mccain said about what we need here. >> it's time now to sit across the table from one another, rather than -- in the way they did with ronald reagan and the way you get things done in washington. >> the way they did with ronald reagan and get things done in washington. you sit together and figure it out. they were at a holiday party they didn't talk to each other. they're issuing sort of statements and rebuttals and saying i'm not going to budge. >> negotiation by press release. this is not how things get done in washington and part of the problem of the growing incivility in washington. people don't work together the way th
.c., the standoff continues. house speaker john boehner says he's still waiting for president obama to make his next counteroffer to the republican plan he rejected. >> i'm going need a response from the white house. we can't sit here and negotiate with ourselves. >> the president and boehner spoke on the phone wednesday, but republicans want more. >> we want to sit down with the president. we want to talk specifics. >> whether the talks happen on the phone or in person, here on capitol hill or at the white house, there will be no deal without a compromise on taxes, something that does not appear likely any time soon. >> an obsession to raise taxes is not going to solve the problem. >> treasury secretary timothy geithner said the white house is absolutely willing to go over the fiscal cliff if the gop doesn't agree to raise taxes on the top 2% of earners. while a handful of republicans seems willing to concede that point, the party seemed unchangeable. >> speaker boehner took a position, i think the day after the campaign, that said we're willing to bring in revenue, but we're not willing to increas
into a civil war. did president obama disspeaker john boehner in a comment today. >> on the conservative side of the republican party today. with senator demint speaking on the idea that $800 billion of tax increases were offered. but he got the backing of mitch mcconnel. take a listen to what he had to say. >> i think it sis important tha the house leadership is trying to mov move it forward. i had hoped that we would be accomplishing more in the real talks. but i can tell you, there is nothing going on privately that is not going on publicly. even as he has to deal with this rebellion. he has to deal with democrats and harry reid's comments today give you a sense of where they are coming from. >> they have to come up with specific revenue. and they refuse to do that. it is a simple question of arithmetic. you can't get from here to there unless you raise the rates. so as you know in washington, a rebellion in the ranks like this could be a problem. but in the spohort-term, if it remains constrained. it could be a good negotiating term. he could say i have offered everything that i have and
on chiapitol hill which is why so many have gone home. we know that president obama and john boehner spoke by phone. republican sources telling us they had a conversation yesterday. we don't have a readout on what that was about. we don't know that if any meetings have been scheduled. but any small sign of progress is welcome here on capitol hill. now with so many lawmakers headed home and likely to face the ire of their constituents, we saw one protester in baltimore yesterday over social security. there are a few left. today there's a joint economic committee hearing. they're going to hear from a top economist not only about the jobs numbers coming out tomorrow but also about what can be done to avoid this issue at the end of the year. >> tracie potts for us in washington. thank you. >>> last night on the ed show, steny hoyer explains why he thinks the debt ceiling vote should be taken off the table. >> the debt ceiling is a phone y vote, frankly. and from time to time democrats have made it an item that they demagogue down and the republicans have demagogued on it, as well. the debt lim
'll tell you why, straight ahead. >>> also ahead on "starting point," president obama and speaker boehner talk on the phone about the fiscal cliff. but will they be meeting face to face and will they get anything done before it's too late? up next, oregon senator jeff merkley. he's a member of the budget committee. >>> and kobe bryant joins an elite club with basketball greats like michael jordan and kareem abdul-jabbar. his impressive feat, we'll tell you all about it. >> the greatest player in the history of the los angeles lakers. wow! that's a savings of over 29 bucks! twenty-nine bucks!!?? and they're powered by friendship. see for yourself if you could save on the brands you want. walmart. starts with ground beef, unions, and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffer's meatloaf best of all? that moment you enjoy it at home. stouffer's. let's fix dinner. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated su
cliff. president obama and john boehner did speak on the issue today, but the results of that conversation not public. the white house has now asked federal agencies to plan for more than $100 billion in cuts. that's what happens if the issue is not resolved by december 31st. >> we've got to cut spending and i believe it's appropriate to put revenues on the table. >> let's allow higher rates to go up for the top 2%. that includes all of you, yes? >> president obama speaking to business leaders when he made that comment today at the white house. insists he will veto any bill that does not include tax increases on wealthier americans. >>> coming up an online shopping horror story, a maryland woman's story may convince you to read the fine print. >> last night we were around 60 degrees most places at this hour. tonight we're some 20 degrees colder than that. i'll let you know how low it gets overnight and if we'll see more warm air on the horizon, but get ready for a chilly overnight. the rest of the forecast is coming up on the news edge at 11:00. >> this is fox 5 news e
on tax hikes for the wealthy, this following president obama and speaker boehner's first phone call in days with both sides staying mum on the details. this afternoon president obama's fiscal photo-op off the day takes him to the suburban home of a middle class families in virginia, one of the thousands who responded to the
on treasurietreasur. as soon as boehner and obama walk out of the white house, which i believe they'll do at some stage over the next month, as soon as that happens, everything is going to flip the other way. i'd like to find a way to play the market, but i think for long-term investors, valuation gets more and more important. the more you stretch things out. the key thing people are miss -- i agree with rick, the economy is not that strong, but it is still growing steadily and valuations are so extreme that you know which way the money is going to go when things settle down. i just wouldn't want to be on the wrong side of that trade. >> stephanie, that's basically the way you feel. you have sort of opportunities out there. how do you see it, stephanie? >> i think what you want to do is use the volatility, use the declines, and go back to the companies that reported good third quarter earnings. go back to an ebay. >> stick to fundamentals. >> right. go back to starbucks. or you also can focus on some of the themes, right. housing is still in recovery mode and that -- i know it's well known, but i
a socialist. he is willing to make a deal with boehner. the american people spoke wednesday reelected obama. they want the tax cut for the wealthy to expire. we need to leave what you call entitlement programs alone. what we need to be talking about is boehner it needs to be more flexible about letting those tax cuts expire and it is not spending that is a problem. it is paying for what you spend that is a problem. two wars are unpaid for. guest: it is not my intent to be disrespectful of the president. i have tremendous respect for the president. the president has socialist leanings -- i think that's fair to say. i'm glad you called. think about the cuts in spending, all the things the president and boehner are talking about. there would probably be $560 billion compared to a $2.7 tr illion deficit is like spitting in the ocean. we have to do something radical. entitlements must be on the table. everybody has to sacrifice in this bill. america must take some drastic measures to at least get us on a path to do something to recovery. host: markkas from washington, good morning -- marcus. cal
between speaker john boehner and president obama today. with just 25 days to go, let's keep tabs on where we stand. reports of a conservative backlash against speaker boehner simply not true. he has the solid support of his leadership and the rank and file. but there is concern among some in the gop that they are at risk of becoming the party for rich people while president obama and democrats stake their claim on the middle class. and my tax rate flexibility with higher -- here's what the president said earlier today. >> i'm not going to sign any package that somehow prevent prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy. >> we look back republican senator rand paul from the state of kentucky. senator paul, welcome, as always. i want to ask you about the fiscal cliff, the state of play. there's revenues on the table. there's tax rate increases on the table. i don't know if there's spending on the table. what's your thinking prigt now? >
a solution for president obama this time around. mr. president, turn the tables on him speaker boehner that is. we all recall the trap that the white house fell into last year, letting negotiations over the potential government shutdown be concluded only to be held hostage again when the republicans then refused to raise the debt ceiling without getting additional concessions. it was, as congressman welch said it was professional malpractice not to wrap the debt ceiling into the first round of negotiations. so don't do it again. the debt ceiling will necessarily and inevitably be hit and breached early next year. yet when president obama told speaker boehner at their november 16th meeting to raise the ceiling by year's end boehner said there is a price for everything. no, there doesn't have to be. sometimes what is necessary and good policy should just be done. the ceiling will be breached because of the fiscal track we're on and agreeing to the expenditures and revenues that are now in place the debt ceiling will be exceeded because of the boehner's policies, policies that have driven
next year. yet when president obama told speaker boehner at their november 16th meeting to raise the ceiling by year's end boehner said there is a price for everything. no, there doesn't have to be. sometimes what is necessary and good policy should just be done. the ceiling will be breached because of the fiscal track we're on and agreeing to the expenditures and revenues that are now in place the debt ceiling will be exceeded because of the boehner's policies, policies that have driven revenues down well below historical norms and far below the expenditure levels of about 22% of gdp. never mind that speaker boehner called the debt ceiling his leverage and speaker boehner voted five times to during the bush presidency, to raise the ceiling to the tune of nearly 4 trillion-dollar. this time he wants the default by the government that he has a moral obligation to support the raising the debt ceiling now. so here is the offer the president should make. i tolerated an unacceptable and improper effort by your house to extract concessions on an issue that should be a simple procedural
in the negotiations if there were negotiations. president obama and speaker john boehner actually talked to one another. it was on the telephone. it was not the face-to-face meeting the speaker says is necessary, but it was the first time that the two men have spoken in a week. for the latest on these stalled negotiations, we turn to fox news chief white house correspondent ed henry for the report. >> trying to lay blame for stalled budget talks on republicans, president obama today wratcheted up pressure on boehner. >> nobody wants this done more than me. >> for the first time, plan for massive spending cuts from going over the fiscal cliff warning business executives, the economy could take another hit if republicans decide to extend just to middle class tax cuts to avoid the cliff for now and come back next year with more leverage to tie spending cuts and medicare reform to another hike in the nation's debt ceiling. >> we're not going to play that game next year. if congress, in any way suggests they tie negotiations to debt ceiling votes, and take us to the brink of default again as part of
boehner and president obama, is that at all in the works? >> as far as we know, no. whether it's in the works, we could only hope, at this point we do not have any indication that it is scheduled right now. never mind the principles, we don't have any word that there has been communications between their staff at all. what's flying out of the public still appears to be flying out of private, which is not a lot. >> the members are going home for a nice long weekend. thanks very much for that. president obama isn't negotiating like we just heard. he's negotiating to raise the tax rates on the rich as a downpayment on a larger deal to come later as far as taxes are concerned and medicare is concerned. >> let's allow higher rates to go up for the top two percent, that includes all of you, yes. but not in anyway that's going to affect your spending, your lifestyles or the economy in any significant way. let's make sure that 98% of americans don't see a single dime in tax increases next year. 97% of small businesses don't see an increase in taxes next year. and by doing that alone, w
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